September 6, 2024 7:47 PM
MMA reports decline in foreign reserves in Maldives
Maldives appears to be headed towards a forex crisis as the Maldives Monetary Authority, MMA, reported a drastic decline in the archipelago nation’s foreign reserves. The forex reserves fell to USD 395.4 million by the end of July 2024, marking a 33% year-on-year drop. The drop appears even more p...